2021: DeFi Pulse’s Year in IndicesRead on the DeFi Pulse Blog

Total Value Locked (USD)

$92.36B

Maker Dominance

17.84%

DeFi Pulse Index

202.92
-34.10
(-14.39%)

Available fromTokenSets

Total Value Locked (USD) in DeFi

  • TVL (USD)
  • ETH
  • BTC
  • All
  • 1 Year
  • 90 Day
  • 30 Day
defipulse chart
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Lending
DEXes
Derivatives
Payments
Assets
defipulse small logoNameChainCategory1 Day %
🏆
1.
Maker
Ethereum
Lending
$16.48B
-3.59%
🥈
2.
Curve Finance
Ethereum
DEXes
$14.41B
-1.95%
🥉
3.
Convex Finance
Ethereum
Assets
$11.95B
-1.89%
4.
Aave
Multichain
Lending
$11.01B
-5.47%
5.
Uniswap
Ethereum
DEXes
$8.29B
6.48%
6.
Compound
Ethereum
Lending
$7.83B
-5.53%
7.
InstaDApp
Ethereum
Lending
$6.86B
-32.78%
8.
yearn.finance
Ethereum
Assets
$3.84B
-3.99%
9.
Balancer
Ethereum
DEXes
$2.19B
-1.68%
10.
SushiSwap
Ethereum
DEXes
$2.17B
-9.12%
11.
Liquity
Ethereum
Lending
$1.98B
-9.19%
12.
Bancor
Ethereum
DEXes
$1.84B
-0.05%
13.
Flexa
Ethereum
Payments
$1.07B
-11.08%
14.
dYdX
Ethereum
Derivatives
$947.9M
-3.99%
15.
Rari Capital
Ethereum
Assets
$878.7M
-19.36%
16.
C.R.E.A.M. Finance
Ethereum
Lending
$805.8M
-1.10%
17.
RenVM
Ethereum
Assets
$767.7M
-2.29%
18.
Alpha Homora
Ethereum
Lending
$763.1M
0.78%
19.
Alchemix
Ethereum
Lending
$673.1M
-8.37%
20.
TrueFi
Ethereum
Lending
$672.9M
-24.36%
21.
Badger DAO
Ethereum
Assets
$662.9M
-3.61%
22.
DeFi Saver
Ethereum
Lending
$628.6M
-5.88%
23.
Quickswap
polygon
DEXes
$546.2M
-16.67%
24.
Fei Protocol
Ethereum
Assets
$543.7M
-5.83%
25.
Nexus Mutual
Ethereum
Derivatives
$489.9M
-6.63%
26.
Synthetix
Ethereum
Derivatives
$487.7M
-5.96%
27.
Tornado Cash
Ethereum
Payments
$487.5M
-6.49%
28.
Notional
Ethereum
Lending
$466.0M
-6.54%
29.
Loopring
Ethereum
DEXes
$397.3M
-10.52%
30.
Index Coop
Ethereum
Assets
$390.6M
-9.41%
31.
Origin Dollar
Ethereum
Assets
$281.2M
0.12%
32.
DefiDollar
Ethereum
Assets
$257.9M
-0.71%
33.
Set Protocol
Ethereum
Assets
$230.6M
-7.16%
34.
Harvest Finance
Ethereum
Assets
$220.5M
-3.10%
35.
Saddle
Ethereum
DEXes
$192.4M
0.10%
36.
Reflexer
Ethereum
Lending
$183.1M
-3.64%
37.
Sablier
Ethereum
Payments
$179.0M
-16.32%
38.
Element Finance
Ethereum
Assets
$176.6M
1.02%
39.
B.Protocol
Ethereum
Lending
$161.1M
3.93%
40.
KeeperDAO
Ethereum
Lending
$156.9M
-28.32%
41.
Ribbon Finance
Ethereum
Derivatives
$151.8M
-12.54%
42.
Vesper
Ethereum
Assets
$147.3M
-5.52%
43.
xDai
Ethereum
Payments
$145.9M
-8.36%
44.
Lightning Network
Bitcoin
Payments
$142.2M
-3.24%
45.
mStable
Multichain
Assets
$134.2M
2.28%
46.
Opyn
Ethereum
Derivatives
$132.3M
0.31%
47.
KEEP Network
Ethereum
Assets
$127.4M
-7.26%
48.
Enzyme Finance
Ethereum
Assets
$115.8M
-5.20%
49.
Pickle Finance
Ethereum
Assets
$104.3M
-6.73%
50.
QiDao
polygon
Lending
$84.8M
2.23%
51.
Metronome
Ethereum
Assets
$77.4M
-3.36%
52.
Idle Finance
Ethereum
Lending
$74.5M
-1.50%
53.
BiFi
Ethereum
Lending
$73.0M
4.01%
54.
Kyber
Ethereum
DEXes
$68.4M
-2.30%
55.
DODO
Ethereum
DEXes
$60.3M
-16.23%
56.
DerivaDEX
Ethereum
Derivatives
$58.7M
-3.18%
57.
BoringDAO
Ethereum
Assets
$51.0M
-3.10%
58.
DeFi Swap
Ethereum
DEXes
$46.7M
-5.16%
59.
Beta Finance
Ethereum
Lending
$42.9M
-6.43%
60.
O3 Swap
Ethereum
Assets
$40.4M
-6.30%
61.
Inverse
Ethereum
Assets
$33.2M
-15.69%
62.
DeversiFi
Ethereum
DEXes
$32.3M
-3.00%
63.
1inch Liquidity Protocol
Ethereum
DEXes
$30.6M
-4.77%
64.
UMA
Ethereum
Derivatives
$29.8M
-5.55%
65.
Strike
Ethereum
Lending
$28.2M
0.86%
66.
Bella Flex Saving
Ethereum
Assets
$22.6M
-16.87%
67.
Gnosis
Ethereum
DEXes
$21.4M
-7.14%
68.
Pendle Finance
Ethereum
Derivatives
$21.0M
-7.75%
69.
dForce
Ethereum
Lending
$20.3M
0.65%
70.
WePiggy
Ethereum
Lending
$20.0M
-33.68%
71.
BarnBridge
ethereum
Derivatives
$19.7M
-3.68%
72.
DFX Finance
Ethereum
DEXes
$17.2M
10.59%
73.
Shell
Ethereum
DEXes
$16.0M
-0.86%
74.
IDEX
Ethereum
DEXes
$14.8M
6.93%
75.
xToken
Ethereum
Assets
$12.5M
-6.81%
76.
bZx
Ethereum
Lending
$12.1M
-4.02%
77.
Premia
Ethereum
Derivatives
$12.0M
14.14%
78.
Hegic
Ethereum
Derivatives
$11.9M
-6.03%
79.
88mph
Ethereum
Lending
$11.4M
-11.87%
80.
Cryptex
Ethereum
Lending
$11.1M
-8.41%
81.
InsurAce Protocol
Ethereum
Derivatives
$9.4M
-2.65%
82.
TRANCHE
Ethereum
Derivatives
$8.5M
7.88%
83.
OnX Finance
Ethereum
Lending
$8.3M
2.71%
84.
Integral
Ethereum
DEXes
$8.3M
-4.73%
85.
Gamma
Ethereum
Assets
$7.7M
-21.22%
86.
Erasure
Ethereum
Derivatives
$7.7M
-5.56%
87.
C.R.E.A.M. Swap
Ethereum
DEXes
$6.7M
-1.85%
88.
DDEX
Ethereum
Lending
$6.2M
-7.69%
89.
Opium Network
Multichain
Derivatives
$5.6M
-3.89%
90.
Warp Finance
Ethereum
Lending
$5.1M
2.00%
91.
Mushrooms Finance
Ethereum
Assets
$4.9M
-3.32%
92.
Opium Network
polygon
Derivatives
$4.1M
-6.35%
93.
Crypto Volatility Index
Multichain
Derivatives
$3.7M
-2.40%
94.
PowerIndex
Ethereum
DEXes
$2.9M
-4.92%
95.
cvault.finance
Ethereum
Assets
$2.9M
0.62%
96.
Convergence
Ethereum
DEXes
$2.9M
-11.46%
97.
DFX Finance
polygon
DEXes
$2.7M
12.13%
98.
Wing Finance
Ethereum
Lending
$2.6M
-2.58%
99.
Nsure Network
Ethereum
Derivatives
$2.4M
-12.74%
100.
Augur
Ethereum
Derivatives
$2.4M
0.00%
101.
MCDEX
Ethereum
Derivatives
$2.1M
-0.81%
102.
Impermax
Ethereum
Lending
$2.0M
-9.67%
103.
Swerve Finance
Ethereum
DEXes
$1.8M
-16.97%
104.
PieDAO
Ethereum
Assets
$1.6M
-9.86%
105.
Pods
Ethereum
Derivatives
$1.2M
2.27%
106.
Snowswap
Ethereum
DEXes
$1.2M
-6.23%
107.
DFI.money
Ethereum
Assets
$1.2M
-0.95%
108.
Siren
Ethereum
Derivatives
$987.3K
-4.76%
109.
Lien
Ethereum
Derivatives
$981.4K
-6.80%
110.
UniTrade
Ethereum
DEXes
$893.3K
-7.18%
111.
Cover Protocol
Ethereum
Derivatives
$815.6K
-0.98%
112.
ForTube
Ethereum
Lending
$761.1K
-1.64%
113.
PEAKDEFI
Ethereum
Assets
$754.3K
-5.06%
114.
DeFiner
Ethereum
Lending
$711.6K
-1.13%
115.
Volmex Finance
Ethereum
Derivatives
$694.2K
0.40%
116.
Swarm Markets
Ethereum
DEXes
$693.9K
-5.94%
117.
Value DeFi
Ethereum
Assets
$645.7K
-3.90%
118.
Auctus
Ethereum
Derivatives
$620.5K
-8.65%
119.
Varen
Ethereum
DEXes
$619.0K
-21.02%
120.
Futureswap
Ethereum
Derivatives
$604.6K
-3.27%
121.
yAxis
Ethereum
Assets
$575.0K
0.00%
122.
DOMANI
Ethereum
Assets
$516.6K
-7.29%
123.
DeFi Yield Protocol
Ethereum
Assets
$458.3K
-1.72%
124.
Ruler Protocol
Ethereum
Lending
$409.7K
0.12%
125.
Value Liquid
Ethereum
DEXes
$332.3K
-8.28%
126.
QIAN
Ethereum
Lending
$230.9K
-0.91%
127.
Tranche
Polygon
Derivatives
$102.3K
0.10%
128.
S Finance
Ethereum
DEXes
$98.5K
-0.16%
129.
Dfyn Network
polygon
DEXes
$76.6K
-99.79%
130.
DeFireX
Ethereum
Assets
$36.0K
-0.74%
131.
Primitive
Ethereum
Derivatives
$24.3K
-7.73%
132.
Olympus
Ethereum
Assets
$18.0K
-99.82%
133.
RAY
Ethereum
Lending
$1.6K
-4.48%

What is DeFi?

DeFi is an abbreviation of the phrase decentralized finance which generally refers to digital assets and financial smart contracts, protocols, and decentralized applications (DApps), most of which are built on Ethereum. In simpler terms, it's financial software built on the blockchain that can be pieced together like Money Legos. Read more about DeFi.

What’s the purpose of DeFi Pulse?

DeFi Pulse is a site where you can find the latest analytics and rankings of DeFi protocols. Our rankings track the total value locked into the smart contracts of popular DeFi applications and protocols. Additionally, we curate The DeFi List, a collection of the best resources in DeFi, DeFi Pulse Farmer, a newsletter covering the latest news and opportunities in DeFi. You can also learn about developments and opportunities in the Polkadot and Kusama ecosystem by subscribing to our Dot Pulse newsletter.

How do we calculate total value locked (TVL)?

DeFi Pulse monitors each protocol’s underlying smart contracts on the Ethereum blockchain. Every hour, we refresh our charts by pulling the total balance of Ether (ETH) and ERC-20 tokens held by these smart contracts. TVL(USD) is calculated by taking these balances and multiplying them by their price in USD. You can view the open source project adapters that power our metrics here.

How do I get involved in DeFi?

Decentralized finance is open for anyone to take part in. You can start by exploring the resources found on The DeFi List. Stay informed on the latest news and opportunities in DeFi by subscribing to the DeFi Pulse Farmer newsletter. You can also learn about developments and opportunities in the Polkadot and Kusama ecosystem by subscribing to our Dot Pulse newsletter. And if you’re looking to dive head first into the world of DeFi, we’ve written a beginner’s guide called Zero to DeFi. It will teach you the basics, guiding you through how to start earning passive income via DeFi lending services.

How do I get my project listed on DeFi Pulse?

Check out this step by step guide on how projects can partner with DeFi Pulse to join the DeFi Pulse Leaderboard.